Section 1. Introduction - Texas Department of State Health ...
In this example, the important information for calculating cash value is the current value, $20,400.00; the surrender fee, $3,000.00; and the tax penalties, $1,200.00. If the applicant withdrew the cash from the annuity, after paying the surrender fee and tax penalty, then the amount of cash received would be $16,200.00. ................
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